The Price Of Gold Skyrocketed To 49 Million dong / tael, The Highest Peak Of All Time

At the trading session last week (February 22), domestic gold sold by enterprises was 46.05 million dong / tael, an increase of over 1 million compared to the previous week. The milestone of 46 million is also the highest peak of gold since the end of 2012.

However, only today (February 24), a new record level has been removed. Even the domestic gold price has reached the highest peak of all time, reaching 49 million / tael.

Gold reached an all-time peak of 49.02 million dong
Specifically, the peak of the domestic gold price was 48.5 million dong / tael previously set in August 2011. Meanwhile, as of 3:30 pm this afternoon, the price of gold bars in the country has increased to 49.02 million VND / tael, far exceeding the previous historical peak.

Currently, the stores of Saigon Gemstone Jewelry Limited Company (SJC) list the price of gold in Ho Chi Minh City at 47.8-49 million dong / tael (buy - sell). Compared to the end of last week, gold here has increased by nearly 3 million per tael, this is also the strongest increase in recent years of gold.

Domestic gold price has reached 49 million VND / tael, the highest ever. Photo: T.L.

In Hanoi, the selling price has even been pushed up to 49.02 million VND per tael. Facing the hot rise of gold, SJC also had to widen the gap between buying - selling to 1.2 million dong / tael to regulate the buying - selling force of the market. SJC is also the business listing the highest precious metal price in the country.

Not pushing the gold price to 49 million, but many businesses have also increased prices sharply for this item.

DOJI Gemstone Jewelry Group currently buys into piece gold at 47.2 million dong / tael, an increase of 1.5 million dong from the previous session. The selling price has also been pushed up to 48.2 million dong / tael by this business.

Similarly, the gold price chart at Bao Tin Minh Chau Co., Ltd. has increased more than 2 million, currently at 47.4-48.5 million / tael (buy - sell). The price of Thang Long dragon gold has also increased to VND 48.64 million / tael,

Phu Nhuan Jewelry Joint Stock Company (PNJ) also listed gold price at 46.7-48.1 million dong / tael (buy - sell).

Domestic gold jumped continuously when world gold trading on Kitco is also increasing strongly and now has reached the price area of ​​1,684 USD / ounce, an increase of nearly 45 USD compared to the previous session and there is no sign of stopping. World gold price is also on track to conquer the highest price of all time set since 2012, reaching nearly 1,790 USD / ounce.

Converted into Vietnamese currency, the world gold price is currently traded at VND 49 million / tael. Thus, SJC is the business listing the domestic price of gold closest to the world.

VN-Index lost nearly 30 points
Contrary to gold, domestic securities have experienced a fiery session, a decline only after the first trading session of the year after Chinese New Year 2020 when the corona virus broke out in Wuhan China.

On the floor of Ho Chi Minh City, VNn-Index has decreased 29.75 points (3.19%) to 903.34 points, the VN30 index also lost 31.49 points (3.62%), currently 837.4 points.

The same situation happened on HNX, HNX-Index dropped by 3.62% and UPCOM-Index dropped by 1.9%.

A series of large-cap stocks fell deeply, even reduced the amplitude scenario today. The group of 10 largest capitalization stocks on HOSE dropped sharply. In particular, VIC (Vingroup) decreased by 2.37%; VHM (Vinhomes) decreased by 2.44%; VCB (Vietcombank) decreased by 2.02%; BID (BIDV Bank) decreased by 6.46%; TCB (Techcombank) hit the floor with 6.9% ...

Banking stocks were the biggest losers today with 2 representatives falling to the floor, TCB and VPB (VPBank). In addition, a series of stocks plunged around 5% such as CTG (Vietinbank), BID, HDB (HDBank), ACB (Asia Bank), MBB (MBBank), TPB (TPBank) ...

Aviation stocks also suffered strongly when HVN (Vietnam Airlines) reduced the amplitude scenario while ACV fell 8.5%. Securities stocks were also sold off when SSI, HCM, SHS dropped to the floor while VCI and VND dropped over 2%.

The whole market today recorded a strong increase in liquidity with about VND 6,000 billion worth of transactions. In which, foreign investors continued to net sell 45 billion dong in the whole market, but on HOSE, foreign investors saw a net buying of over 7 billion dong.

According to: Zing.vn